HootDex is a decentralized peer to peer digital asset swapping system that also has a derivatives trading platform. It promotes self custody of digital assets while providing peer to peer swapping and trading platforms that are scalable. HootDex also provides an automated market maker system that allows for liquidity pools to be used for various vetted projects.

When a holder of digital assets takes sole possession of their wallet’s private keys instead of trusting them to a centralized exchange, they are staying in control of their digital assets aka having self custody. HootDex is decentralized for this reason, it allows users of the system to have control of their digital assets and provide a venue for security conscious digital asset holders to get many functions that they would get on a centralized exchange but on a decentralized platform and on a peer to peer basis with no third party involvement.

HootDex is free to use, there are no sign up costs or anything hidden, there are minimal transactional fees associated with each transaction just as other decentralized exchanges have but they have been made as minimal as possible.

The answer is NO.

HootDex is decentralized, the platforms being integrated are for the benefit of the users of the system. It allows them to discover new projects and get involved with them, swap tokens on a peer to peer basis, participate in liquidity pools, trade digital forex, stock, commodities and indices derivatives in real time. Their connect digital wallets is what allows users to get involved, they control their digital assets at all times.

The answer is NO.

HootDex wasn’t created to issue it’s own token, it was created to provide a scalable platform for digital asset holders to use with ease without giving up custody of their digital assets.

Digital Derivatives basically allow a trader to benefit from the movement of the underlying asset it represents without ever owning the asset itself, its basically synthetic on HootDex. They derive their value from the value of an underlying asset and the pricing of a derivative is dependent on it. For example, an oil, Bitcoin or gold contract is a type of derivative whose value is based on the market price of spot oil, Bitcoin or gold. As oil, Bitcoin or gold go up or down in price, it impacts the pricing of the oil, Bitcoin or gold digital contract.

Derivatives have become increasingly popular in recent decades, with the total value of derivatives outstanding being estimated at over $600 trillion as of June 2022.

HootDex goes through a vetting process for all digital assets prior to a derivative being available for that digital asset on the system. This is key for us to do all we can to protect HootDex members from pitfalls in the digital asset market. Currently widely held digital assets such as Bitcoin, Ethereum,  XRP and Litecoin are added, others will be added on a case by case basis.

The answer is YES.

HootDex is a very secure system, it is blockchain enabled with proprietary encryption protocols in place. The decentralization is what further secures the system so that HootDex members can rest assured that their transactions are secure. Due to self custody HootDex members are in control of their activity and holdings are all times, members can disconnect and reconnect their wallet after each use, at will, it is in their control.

HootDex is built on the Pecu Novus blockchain network, so the primary digital wallet allowed is the Pecu Novus Digital Wallet. There are plans to allow other digital wallets such as Metamask and physical cold storage wallets to connect.

Impossible to occur at any time, HootDex promotes self custody and does not hold any members assets. This is the value and benefit of working with a decentralized digital assets swapping system such as HootDex.

The quotes for any stock, cryptocurrency, forex or  commodity is a composite from major markets, the pricing that is shown on HootDex is exactly that, a composite of various major outlets such as banks and exchanges.

HootDex will continue to add more data points as the system grows. You can find where certain markets are such as the Dow Industrials, Nikkei, Nasdaq 100, Hang Seng or the Russell 2000. You can also find various forex pairs, the VIX and current Treasury Yields. Where some will also have digital derivatives associated with them.

News and press releases globally are available for HootDex members to aid in their due diligence process.

Historical data and comprehensive charts will continue to evolve so that more tools are readily available for HootDex members to use.

HootDex uses the PNP16 protocol which is associated with the Pecu Novus Blockchain, this allows for the swapping of PNP16 tokens and derivatives.

HootDex has a process that allows members to use verified Bitcoin, Ethereum and Litecoin coins on the system via a wrapped token.

HootDex has a vetting process and ERC20 tokens have to meet certain standards to be allowed on the system via a wrapped token. The protection of all HootDex members and the prevention of fraud, pump & dump schemes and hype related digital assets are high priority, so rest assured if a wrapped token is presented on HootDex it has been vetted and there will be information for transparency.

Should USDC be built on the Pecu Novus Blockchain Network then it will also be available on HootDex. Alternatively Wrapped versions of the USDC or USDT digital assets would be created on the Pecu Novus Blockchain as they are required by members.

HootDex does not collect user IP addresses or tracking data that various centralized and decentralized exchanges may do, privacy is a key point for HootDex.

HootDex does comply through the use of a proprietary digital identity platform.

HootDex does not have that capability however ALL Pecu Novus holders can easily access their Pecu terminal and download a PDF or print their digital asset statement there free of charge.

In finance, a non-deliverable forward “NDF” is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is used in various markets such as foreign exchange and commodities. On HootDex all derivatives are NDF’s and commence as well as settle with the digital asset Pecu Novus.

NDFs are also known as forward contracts for differences “FCD”. NDFs are prevalent in some countries where forward FX trading has been banned by the government.

A synthetic forward contract uses call and put options with the same strike price and time to expiry to create an offsetting forward position. An investor can buy/sell a call option and sell/buy a put option with the same strike price and expiration date with the intent being to mimic a regular forward contract. Synthetic forward contracts are also called synthetic futures contracts. On HootDex all FCD’s commence as well as settle with the digital asset Pecu Novus.